证券代码：603170 证券简称：宝立食品 公告编号：2024-023 上海宝立食品科技股份有限公司 2023 年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利 0.375 元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/5/30 | － | 2024/5/31 | 2024/5/31 | 二、 分配方案 1. 发放年度：2023 年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 17 日的 2023 年年度股东大会审议通过。 本次利润分配以方案实施前的公司总股本 400,0 ...

证券代码：603170 证券简称：宝立食品 公告编号：2024-022 上海宝立食品科技股份有限公司 2023 年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2024 年 5 月 17 日 (二)股东大会召开的地点：上海市松江区茸悦路 208 弄上海富悦大酒店 3 楼 1 号 会议厅 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 24 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 310,464,731 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 77.6142 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 会议由董事长马驹先生主持，采取现场投票与网络投票相结合的表决方式。 表决方式符合《公司法》及《公司章程》的有关规定 ...

⌋ᗁᝅ㿷Ҝ ⎏⊕ཟ߂ᗁᐾӁࣗᡶ ީӄ р⎭ᇓ伕〇ᢶ㛗Գᴿ䲆ޢਮ 2023 ᒪᒪᓜ㛗ђཝՐⲺ 浙江省杭州市杭大路 号黄龙世纪广场 $ 座 楼 电话： 传真： 法律意见书 浙江天册律师事务所 关于上海宝立食品科技股份有限公司 年年度股东大会的 法律意见书 编号：7&<-6+ 号 致：上海宝立食品科技股份有限公司 浙江天册律师事务所（以下简称"本所"）接受上海宝立食品科技股份有限公 司（以下简称"宝立食品"或"公司"）的委托，指派本所律师参加公司 2023 年 年度股东大会，并根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）和《上市公司股东大会规 则（2022 年修订）》（以下简称"《股东大会规则》"）等法律、法规和有关规范 性文件，以及《上海宝立食品科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会召集、召开程序、出席人员的 资格、召集人的资格、表决程序及表决结果的合法有效性发表意见，不对会议所审 议的议案内容和该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意见书 ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1] Core Views - The report indicates that the company's gross profit margin is under pressure, with a gross margin of 33.14% in 2023, down 1.43 percentage points year-on-year, primarily due to a significant decline in the gross margin of compound seasonings [5] - The company is expected to achieve earnings per share (EPS) of 0.72, 0.82, and 0.93 yuan for the years 2024 to 2026, respectively, with a reasonable valuation range of 18 to 21.6 yuan based on a price-to-earnings (PE) ratio of 25 to 30 times for 2024 [6] Financial Performance - In 2023, the company's revenue was 2.369 billion yuan, a year-on-year increase of 16.31%, while the net profit attributable to the parent company was 301 million yuan, up 39.78% year-on-year [10] - For Q1 2024, the company reported revenue of 624 million yuan, a year-on-year increase of 15.72%, but the net profit attributable to the parent company decreased by 20.36% to 61 million yuan [10] - The company’s revenue from compound seasonings in Q1 2024 increased by 27.7% year-on-year, indicating strong performance in this segment [11] Revenue and Profitability Forecast - The company’s revenue is projected to grow steadily, with expected revenues of 2.769 billion yuan in 2024, 3.127 billion yuan in 2025, and 3.450 billion yuan in 2026, reflecting growth rates of 16.9%, 12.9%, and 10.3%, respectively [13] - The gross margin is expected to decline slightly to 32.5% in 2024 and further to 32.0% by 2026 [20] Product Segmentation - The report highlights that the revenue from the compound seasoning segment is expected to grow at rates of 25%, 18%, and 15% over the next three years, with gross margins of 21.17%, 21.42%, and 21.67%, respectively [16] - The light cooking solutions segment is projected to see revenue growth of 10%, 8%, and 5% over the same period, with gross margins remaining above 49% [15]

上海宝立食品科技股份有限公司 2023年年度股东大会会议资料 上海宝立食品科技股份有限公司 2023 年年度股东大会 会议资料 中国·上海 二〇二四年五月十七日 | 一、2023 年年度股东大会会议须知 1 | | --- | | 三、2023 年年度股东大会会议议案 | | 议案一：公司 2023 年度董事会工作报告 4 | | 议案八：关于续聘会计师事务所的议案 29 | | 二、2023 年年度股东大会会议议程 2 议案五：公司 2023 年年度报告及摘要 24 案 27 | | 酬执行情况的议案 25 | | 议案七：关于公司监事 2024 年度薪酬方案暨确认 2023 年度薪酬执行情况的议 | | 议案二：公司 年度监事会工作报告 2023 14 | | 议案三：公司 2023 年度财务决算报告 18 | | 议案四：关于公司 年度利润分配预案的议案 2023 23 | | 议案六：关于公司董事、高级管理人员 2024 年度薪酬方案暨确认 2023 年度薪 | 上海宝立食品科技股份有限公司 2023年年度股东大会会议资料 上海宝立食品科技股份有限公司 2023 年年度股东大会会议须知 为了维护投资者 ...

证券代码：603170 证券简称：宝立食品 公告编号：2024-021 上海宝立食品科技股份有限公司 关于 2023 年度暨 2024 年第一季度业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海宝立食品科技股份有限公司（以下简称"公司"）于 2024 年 5 月 9 日 (星期四)上午 09:00-10:00 通过上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）举行了 2023 年度暨 2024 年第一季度业绩说明会， 现将本次业绩说明会的召开情况公告如下： 一、业绩说明会的召开情况 公司于 2024 年 4 月 26 日在《中国证券报》《上海证券报》《证券时报》《证 券日报》《经济参考报》及上海证券交易所网站（www.sse.com.cn）披露了《关于 召开 2023 年度暨 2024 年第一季度业绩说明会的公告》（公告编号：2024-020）。 2024 年 5 月 9 日上午 09:00-10:00，公司董事、总经理何宏武先生，董事、财务 总监任 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [1][15]. Core Views - The company has shown robust revenue growth, with total revenues for 2023 and Q1 2024 being 2.369 billion and 0.624 billion yuan respectively, reflecting year-on-year increases of 16% and 16% [1]. - The company's B-end business is a major growth driver, with significant contributions from large clients and ongoing operational advancements [1][15]. - The report highlights the company's strong R&D capabilities and its strategic focus on both B and C-end markets, indicating ample room for scale expansion [15]. Summary by Sections Financial Performance - The company reported a net profit of 301 million yuan for 2023, with a projected increase to 329 million yuan in 2024, representing a growth rate of 9.4% [4]. - The gross profit margin for 2023 was 33.1%, with expectations to improve to 34.5% in 2024 [6]. - The operating cash flow for Q1 2024 was 77 million yuan, marking a 29% increase year-on-year [1]. Revenue Breakdown - The company's revenue from the B-end channel for 2023 was 19.03 billion yuan, with a growth of 13% [14]. - The C-end segment is under development, with a clear strategy for product diversification and innovation to drive growth [14]. - The report notes that the company has expanded its distributor network, with 387 distributors as of Q1 2024, a net increase of 5 [14]. Future Projections - The report forecasts EPS of 0.82, 1.01, and 1.19 yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of 18, 15, and 12 [15]. - The company is expected to maintain a steady growth trajectory, with projected revenue growth rates of 15.1% in 2024 and 13.8% in 2025 [4][6].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative price increase of 15% or more over the next six months [11][41]. Core Insights - In 2023, the company achieved a net profit margin of 12.71%, an increase of 2.13 percentage points year-on-year, primarily due to the recognition of non-operating income from land compensation of 86 million yuan [21]. - The company's revenue for 2023 was 2.369 billion yuan, reflecting a year-on-year growth of 16.31%, while the net profit reached 301 million yuan, up 39.78% year-on-year [21]. - The first quarter of 2024 saw a revenue of 624 million yuan, a year-on-year increase of 15.72%, but the net profit decreased by 20.36% to 61 million yuan [10][22]. Financial Performance Summary - The gross profit margin for 2023 was 33.14%, down 1.43 percentage points year-on-year, attributed to a decrease in the proportion of high-margin products and lower margins in new product categories [21]. - The company’s sales expense ratio was 14.64%, an increase of 0.61 percentage points year-on-year, while the management, financial, and R&D expense ratios were 2.81%, -0.13%, and 1.97%, respectively [21]. - For 2024-2026, the company is projected to achieve revenues of 2.73 billion yuan, 3.15 billion yuan, and 3.63 billion yuan, with year-on-year growth rates of 15.1%, 15.5%, and 15.4% respectively [11]. Segment Performance - The company’s B-end revenue for 2023 was 866 million yuan, a slight decline of 0.6% year-on-year, while the C-end revenue grew by 29% to 1.5 billion yuan [20]. - The first quarter of 2024 showed continued strong performance in the B-end, with a growth rate close to 30%, while the C-end is expected to see a slight decline [20].

证券代码：603170 证券简称：宝立食品 上海宝立食品科技股份有限公司 投资者关系活动记录表 编号：2024-01 特定对象调研 分析师会议 媒体采访 业绩说明会 投资者关系 新闻发布会 路演活动 活动类别 现场参观 电话会议 其他 财通证券、长江证券、东吴证券、广发证券、国海证券、国联证 券、国泰君安证券、国投证券、海通国际、华安证券、华创证券、 参与单位名称 华福证券、华金证券、华泰证券、开源证券、民生证券、南方基 （按首字母排序） 金、南京证券、诺德基金、瑞银证券、申万证券、太平洋证券、天 风证券、西部证券、信达证券、兴业证券、招商基金、招商证券、 中金公司、中泰证券、中信建投证券、中信证券等89位机构投资者 时间 2024年4月26日15:00-16:00 地点 线上会议 ...

Investment Rating - The investment rating for the company is "Cautious Recommendation" (maintained) [6]. Core Views - The company reported a revenue of 2.37 billion yuan in 2023, representing a year-on-year increase of 16.3%, and a net profit attributable to shareholders of 300 million yuan, up 39.8% [6]. - In Q1 2024, the revenue was 620 million yuan, a 15.7% increase year-on-year, while the net profit attributable to shareholders decreased by 20.4% to 60 million yuan [6]. - The growth in the B-end business is driven by deepening cooperation with major clients, despite a weaker performance in the C-end due to structural changes in online channels and high base pressure [6]. Summary by Sections Financial Performance - For the full year 2023, the company achieved a gross margin of 33.1%, down 1.4 percentage points year-on-year, primarily due to an increase in the B-end business proportion and the ramp-up of baking capacity [6]. - The net profit margin for 2023 was 12.7%, an increase of 2.1 percentage points year-on-year, while the non-recurring net profit margin decreased by 0.3 percentage points [6]. - The company expects net profits for 2024 to be 279 million yuan, a decrease of 7.2% year-on-year, with projected earnings per share (EPS) of 0.70 yuan [11]. Business Segments - The B-end business has shown strong growth, with revenue from the recovery business increasing by 29.3% in 2023 and 27.7% in Q1 2024, driven by increased demand from dining services and downstream clients [6]. - The C-end business is anticipated to recover as new products are continuously introduced, and the company's strategy is adjusted accordingly [6]. Market Outlook - The company is expected to maintain a stable growth trajectory in the B-end business, with further expansion into small B channels anticipated to contribute to revenue once established [6]. - Long-term growth is supported by category expansion through partnerships and investments, enhancing product offerings and R&D services for clients [6].